Omega Healthcare Investors, Inc., Gaming and Leisure Properties, Inc., Weyerhaeuser Company and others reached higher-than-usual trading volumes.
A quick recap of where the last trading session ended: Leading equity indices in the US declined as after dropping 0.8%, Dow Jones closed at 33,400. S&P 500 was down 0.7% before closing the session at 4,090.75.
Why trading volume matters?
Trading volume is simply the total number of shares traded including both buy and sell orders. If a stock has appreciated on high volume, it is more likely to be a sustained move compared to an appreciation with low volume. Typically, high volume trading sessions are considered significant occurrences and closely watched by traders.
Though trading was down yesterday, some real_estate stocks reached high volumes. Here is an update.
Omega Healthcare Investors | 335% higher than rolling average
Omega Healthcare Investors, Inc. outpaced its average daily trading volume (2 million) with 7 million shares traded yesterday.
The US REIT reached a significant high of $33.56 around 8 months ago but has lost 20.92% since then.
Omega Healthcare Investors's board sets quarterly dividend of 67 cents per share to be paid on Monday, May 15th; annual dividend yield esimated at 9.23%.
Gaming and Leisure Properties | 268% higher than rolling average
Gaming and Leisure Properties had a compelling day yesterday, with 2.27 million shares traded helping the company surpass its average daily volume by 268%.
Over the past 2 months, the casino REIT has retreated 7.54% from a noteworthy peak of $54.92. The stock has been trending positively for about a month. Gaming and Leisure Properties's bearish run has lasted 3 days so far (-$1.25).
Gaming and Leisure Properties discloses 97 cents per share dividend to be paid on Friday, March 24th
Weyerhaeuser Company | 197% higher than rolling average
The US timberland REIT has shed 17.09% over the past three months. The company is currently trading with a market cap of $21.44 billion with an average daily volume of 3.93 million shares.
Trading volume peaked at 7.75 million shares yesterday, thereby obliterating the daily average of 3.93 million by 197%.
— Average trading volume refers to a 21-day rolling average.